Meme Coin Craze: Wealth Effect and Risks Coexist
In 2024, Meme coins once again swept the crypto market, with projects like WIF and BOME on the SOL chain experiencing astonishing price increases, even showing a phenomenon of 'surging right after the presale.' The explosive growth of Meme coins has attracted a large number of retail investors, but it also comes with extremely high risks—most projects lack real value, and liquidity quickly dries up. Investors need to be wary of FOMO emotions, strictly set stop-losses, and avoid blindly following trends. In the long run, only a few Meme coins with strong communities will survive, while the rest will eventually go to zero.
